Economists with a New Plan for Social Security Reform are Available for Interviews in New York City on Friday, March 12 3/10/2004
From: Christy Hicks of The Century Foundation, 212-452-7723, or hicks@tcf.org News Advisory: Peter Diamond and Peter Orszag, coauthors of the book Saving Social Security: A Balanced Approach (Brookings, 2004), will be in New York City on Friday, March 12, for a forum on Social Security Reform at The Century Foundation. The forum will be held from 8:30 a.m. to 10:30 a.m. Diamond and Orszag are prominent economists who are experts on Social Security reform. They will be available for interviews following the forum. Please contact Christy Hicks at 212-442-7723 or hicks@tcf.org to arrange for an interview. Forum Details What: "Saving Social Security: A Balanced Approach," A Century Foundation Forum When: Friday, March 12, 8:30 a.m. to 10:30 a.m. Where: The Century Foundation, 41 East 70th Street, New York City Panelists: -- Peter Diamond, institute professor, Massachusetts Institute of Technology -- Peter Orszag, Joseph A. Pechman Senior Fellow in Economic Studies, The Brookings Institution; codirector, Tax Policy Center -- Jack Lew, executive vice president and clinical professor of public administration, New York University -- Moderator: Richard C. Leone, president, The Century Foundation RSVP: Laurie Ahlrich, ahlrich@tcf.org or 212-452-7722 Social Security is back in the news as Federal Reserve Chairman Alan Greenspan recently urged Congress to deal with the country's escalating budget deficit by cutting benefits for future Social Security retirees rather than raising taxes. He said that the current deficit situation, with a projected record red ink of $521 billion this year, would worsen dramatically once the baby boom generation starts becoming eligible for Social Security benefits in just four years. However, Peter Diamond and Peter Orszag have a better plan for preserving Social Security without imposing additional burdens on the rest of the budget. The authors will discuss their proposal, which balances benefit and revenue adjustments to restore long-term balance and sustainable solvency to the program while preserving its core social insurance role. "Saving Social Security: A Balanced Approach," (Brookings Institution Press, 2004). --- The Century Foundation conducts public policy research and analyses of economic, social, and foreign policy issues, including inequality, retirement security, election reform, media studies, homeland security, and international affairs. The foundation produces books, reports, and other publications, convenes task forces and working groups, and operates seven informational Web sites. With offices in New York City and Washington, D.C., The Century Foundation is nonprofit and nonpartisan and was founded in 1919 by Edward A. Filene. | |